The Bentonite Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bentonite Global Market Report 2024, The bentonite market size has grown rapidly in recent years. It will grow from $8.7 billion in 2023 to $9.92 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to foundry and metal casting industry growth, civil engineering and construction applications, oil and gas well drilling expansion, agricultural and environmental applications, paper and pulp industry utilization, widespread adoption in drilling fluids .
The bentonite market size is expected to see rapidly grown in the next few years. It will grow to $15.75 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to infrastructure development in emerging markets, increasing use in the foundry industry, rise in demand for pelletized fertilizers, advancements in geosynthetic clay liners, growing use in water treatment applications. Major trends in the forecast period include innovations in drilling fluid formulations, focus on sustainable bentonite mining practices, rise in bentonite-based nanocomposites, increased application in the energy storage industry, digitalization of supply chain and logistics.
The growth in the bentonite market is due to an increase in sales in rapidly developing countries such as China and India owing to rising disposable income, and increasing demand for, and availability of credit. Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted. Bentonite is used in chemical, rubber, insecticide & pesticide industries and in civil construction works. For instance, in 2021, according to the Bureau of Statistics of China, a China-based Government agency data, Disposable Personal Income in China increased to 47412 CNY 2021 from 43834 CNY in 2020. Therefore, the rising disposable income is driving the growth of the Bentonite market.
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The bentonite market covered in this report is segmented –
1) By Type: Sodium, Calcium, and Other Types – Bentonite
2) By Mining Type: Underground Mining, Surface Mining
Top Major Players
Wyo-Ben Inc.
Huawei Bentonite
American Colloid Company
Ashapura Group of Companies
Cimbar Performance Minerals
Introducing new technologies in construction is shaping the bridges market. Major companies operating in the bridges market are focused on implementing new technologies in bridges, to build bridges better and faster and contribute to longer bridge life. New Technologies like road-rail cable-stayed are used in the construction of new bridges especially bridges constructed on rivers. Further, advanced technologies such as robots, virtual reality and augmented reality technologies are being used to construct bridges at reduced operational cost and reduce the lead time of the projects. For instance, the new under-construction arch steel bridge in Bangladesh is constructed with advanced technology in bridge maintenance and management to improve the structural performance of the bridges.
The bentonite market report table of contents includes:
1. Executive Summary
2. Bentonite Market Characteristics
3. Bentonite Product/Service Analysis -Product/Service Examples
4. Bentonite Market Trends And Strategies
5. Bentonite Market – Macro Economic Scenario
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68. Global Bentonite Market Competitive Benchmarking
69. Global Bentonite Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Bentonite Market
71. Bentonite Market Future Outlook and Potential Analysis
72. Appendix
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